News

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Thu, 03 Dec 2020 12:49:27 GMT

Norwegian Air tries to survive pandemic

On Thursday, Norwegian Air proposed restructuring, planes and New shares sale in the carrier's efforts to survive the coronavirus crisis.

Thu, 03 Dec 2020 11:40:37 GMT

US TikTok ban hearing scheduled for Dec. 14

US federal appeals court scheduled a hearing on TikTok new user ban for December 14, it announced earlier this week.

Thu, 03 Dec 2020 09:42:00 GMT

Flipkart to separate digital payments business

On Thursday, Walmart-controlled India's e-commerce company Flipkart announced it would partially spin off PhonePe, aiming to expand the access of the digital payments platform to capital to bolster its growth.

Thu, 03 Dec 2020 09:27:51 GMT

Daimler picks Pischetsrieder as chairman candidate

On Thursday, the German carmaker Daimler stated it was set to propose Bernd Pischetsrieder, the former BMW and Volkswagen executive, as a candidate to become the carmaker's chairman.

Thu, 03 Dec 2020 06:40:53 GMT

Snowflake's loss widens in quarter post IPO

Buffett-backed data warehouse company Snowflake reported a bigger Q3 loss of $168M in the first quarterly result after its IPO in September.

Thu, 03 Dec 2020 04:44:57 GMT

XPO Logistics to detach warehousing business

XPO Logistics Inc announced its plans to spin off its logistics and warehousing business into a separate publicly-traded company, which will focus on e-commerce fulfilment.

Thu, 03 Dec 2020 04:29:07 GMT

Macquarie to acquire Waddell & Reed Financial

Australia's Macquarie Group announced that it agreed to buy the investment management company Waddell & Reed Financial for $1.7B in cash.

Wed, 02 Dec 2020 22:16:48 GMT

Uber in talks to sell Uber Elevate

Uber Technologies was in advanced negotiations to sell air taxi operations, "Uber Elevate", to aerospace company Joby Aviation, Axios reported, citing sources.

Wed, 02 Dec 2020 20:53:00 GMT

JetBlue, Uber join Amazon's Climate Pledge

Amazon.com Inc announced that five firms, including JetBlue Airways and Uber Technologies, joined its Climate Pledge, the commitment to be net-zero carbon by 2040.

Wed, 02 Dec 2020 19:56:58 GMT

Step raises $50M

Teen banking application Step raised $50M from investors led by Coatue Management together with celebrities, including Justin Timberlake.

Wed, 02 Dec 2020 19:12:47 GMT

Amazon considers buying Wondery

Amazon.com was in talks to acquire podcast startup Wondery valued at more than $300M, the WSJ reported citing sources familiar with the matter.

Wed, 02 Dec 2020 18:01:41 GMT

France car sales decline 27% in November

Car sales in France contracted 27.03% in November, compared to the same period in 2019, data released by the Automobile Manufacturers Committee show.

Wed, 02 Dec 2020 17:07:52 GMT

Chilean economy contracts 1.2% in October

The economy of Chile contracted 1.2% in October, compared to the same month in 2019, a report published by the Central Bank of Chile shows.

Wed, 02 Dec 2020 16:33:01 GMT

Canadian economy expands 40.5% in Q3

The Canadian economy expanded 40.5% in the third quarter of the current year, compared to the previous quarter, data published by the Statistics Canada show.

Wed, 02 Dec 2020 15:10:43 GMT

UK approves Pfizer vaccine

The government of the United Kingdom on Wednesday approved the Covid-19 vaccine of Pfizer.

Wed, 02 Dec 2020 13:41:38 GMT

Xiaomi shares plummet

On Wednesday, the share price of Xiaomi dropped by more than seven percent, as the company finished a $3.91 billion fund raising project.

Wed, 02 Dec 2020 13:07:20 GMT

SPAC seeks to attract $500M in IPO

ION, the financial software group, is sponsoring a $500M worth IPO of SPAC, the special purpose acquisition company, seeking to invest in the fintech and services.

Wed, 02 Dec 2020 11:50:39 GMT

Euro zone PPI rises last month

The Euro zone's producer price index surged more than anticipated month-over-month in October, while unemployment dropped due to the economic recovery before the coronavirus second wave struck.

Wed, 02 Dec 2020 11:03:02 GMT

Nissan to establish new business unit

Nissan Motor, the Japanese automotive group, is setting up a new business unit for the African region, seeking to bolster the production capacity as well as expand in the world's largest undeveloped new vehicle market.

Wed, 02 Dec 2020 10:11:41 GMT

Airbnb seeks $35B valuation in IPO

Airbnb is seeking a valuation worth up to $34.8B in its long-awaited initial public offering, hoping for the business recovery after the coronavirus crisis earlier this year.

Wed, 02 Dec 2020 09:21:07 GMT

Asian shares rise on US stimulus hopes

On Wednesday, Asian shares bounced following Wall Street's strong lead, driven by hopes for extra US economic stimulus as well as the coronavirus vaccine.

Wed, 02 Dec 2020 07:41:31 GMT

Hyundai to roll out EV platform in 2021

On Wednesday, Hyundai Motor Group announced it would launch an electric car-only platform at the start of 2021 that would use its own-developed battery technology to trim production costs and time.

Wed, 02 Dec 2020 06:57:44 GMT

Salesforce to acquire Slack for $27.7B

Salesforce.com is set to acquire Slack Technologies, the workplace messaging app, in a $27.7B worth deal, the largest acquisition made by the cloud-computing company as it aims at the remote working extension.

Wed, 02 Dec 2020 06:08:21 GMT

Australian GDP rebounds in Q3

According to figures released by the Australian Bureau of Statistics on Wednesday, Australia's gross domestic product rose by 3.3% in the third quarter.

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